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Added on the 08/06/2023 08:09:14 - Copyright : Auto Moto EN
The European Union announces extra provisional duties of up to 38 percent on Chinese electric car imports. German automobile giant Volkswagen describes the move as "detrimental" to the European market, while Beijing warns it could spark a trade war. "It is a means to correct an imbalanced and unfair competitive situation," says Eric Mamer, chief spokesperson for the European Commission. SOUNDBITE
The European Commission proposes a three-year delay on tariffs on electric vehicles that are sold to, or imported from, Britain that was due to apply from January. The commission, the EU's executive arm, says it decided a one-off extension after the automotive industry raised concerns about the massive costs that would arise from a post-Brexit 10-percent tariff. Maros Sefcovic, EU Commission Vice President, calls the proposal "balanced and forward-looking" which "supports the competitiveness of our industry and protect jobs in the European Union" SOUNDBITE
"Global markets are now flooded with cheaper Chinese electric cars" says European Commission president Ursula von der Leyen, "and their price is kept artificially low by huge state subsidies". The comments -- made to the European Parliament in Strasbourg -- come as Brussels announces it will investigate Chinese state subsidies for electric vehicles in order to protect the European market from "distortion." SOUNDBITE
The design of the 2024 Olympic Torch is unveiled during a press conference at Paris 2024 headquarters, with one year to go to the Summer Olympics. IMAGES
German auto giant Volkswagen unveils a new budget electric vehicle, as the competition in the EV sector revs up. The ID. 2all model, with front-wheel drive and a range of up to 450 kilometres (280 miles), will be priced under 25,000 euros ($26,300) when it hits the European market in 2025, the manufacturer said. IMAGES
Guillermo del Toro just won the Oscar for Best Animated Feature for “Pinocchio,” and it’s no secret his creature design is truly something special. James Cameron even credited the director when we talked to him about “Avatar: The Way of Water” late last year. #guillermodeltoro #jamescameron #creaturedesign #movies #filmmaking SUBSCRIBE to CinemaBlend's channel HERE - https://www.youtube.com/cinemablend For the latest entertainment news and analysis go here: Movie News: http://www.cinemablend.com/news.php/ Movie Reviews: http://www.cinemablend.com/reviews/ TV News: http://www.cinemablend.com/television/ Celebrity News: http://www.cinemablend.com/pop/ Superheroes: http://www.cinemablend.com/superheroes/ Movie Trailers & Film Clips: http://www.cinemablend.com/trailers/